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Dec 30, 2012
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making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire economy. but for iediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been
making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire...
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Dec 27, 2012
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will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have claimed those sanctions are working but they are but not on the regime. they work on the people who are underdress. the regime has taken a van should stage -- advantage of the sanctions they have the leverage to syria supporting the assad regime and to love and on and destabilizing the arabian peninsula. they're doing a lot of expansion. tracy: you are so terrific t30. if it is going to be safer you answered no where close. please come back. >> happy new year. lori: the u.s. markets, not really. nothing new. the losses are getting worse 130 points on
will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have...
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Dec 27, 2012
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now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news fo
now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing...
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Dec 30, 2012
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gerri: the federal government hasn't said which one to do yet. before lisa jackson left her job, here's what she had to say. >> i will read it to you, actually. we have that? gerri: tracking is perfectly capable of being queen, she says. it requires smart regulations, smart rus of the road. so it sounds like she is not outlawing it altogether. on one hand, but on the other hand, we have seen what happens to the wr on coal. if the obama administration came out all guns blazing. is that why do you think there will be a war against cracking? >> when they set their own definition of at smart regulati is, yes, they will set smart regulation at a level that makes it virtuall impossible. that is what has happened in the cocoal mines in west virginia ad kentucky, where new permits have come to a screeching halt for four years. what would happen with tracking is that when the states lose control to the federal government hey throw their hands. then you are waiting for a federal regulator i washington dc or some regional office to decide on the geology tha
gerri: the federal government hasn't said which one to do yet. before lisa jackson left her job, here's what she had to say. >> i will read it to you, actually. we have that? gerri: tracking is perfectly capable of being queen, she says. it requires smart regulations, smart rus of the road. so it sounds like she is not outlawing it altogether. on one hand, but on the other hand, we have seen what happens to the wr on coal. if the obama administration came out all guns blazing. is that why...
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Dec 29, 2012
12/12
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instead, will be paying taxes on lobbying indentured servants of the government. this is absolutely immoral to have this happen. this is what congress is passing on to us and s why conservatives in the house and senate need to be serious about these fiscal cliff tops, especially about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope you do. i give you one more step before you go. the amount of interest that we pay on the debt that china owes, owns of our debt is enough to pay for their entire military for the whole year. we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe too
instead, will be paying taxes on lobbying indentured servants of the government. this is absolutely immoral to have this happen. this is what congress is passing on to us and s why conservatives in the house and senate need to be serious about these fiscal cliff tops, especially about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope...
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Dec 27, 2012
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one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people? was it never pointed out to them in any way, shape or form war where republicans portrayed as just mean and stingy and hurting people all costs? what is going on here? >> as you and i have discussed republicans have seeded cultural ground especially on college campuses. mitt romney and paul ryan rarely made an appearance and rarely made conservative ideas, free market ideas palatable to younger voters and talk about things, investing in a social security system that won't be around for them. i think we have allowed liberals or conservatives have allowed liberals to take the pop cultural game and
one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people?...
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Dec 29, 2012
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making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. ♪ >> to tell me to get out of the class. i said, no poor because in the hallway. that's like wearing a kk shirt because she knows nothing about a. tom: she claims her teacher martyr. now our family is suing. the lawsuit is claiming the philadelphia school district ignored that ight to free speech and let other students harasser and subject her to an emotional distress. to our legal eagles in tonight's let me be brief segment, trial attorneys says -- samantha has a good case. debra plumb sides with the school. deborah, let's start with you. why is the school right? >> the school was not involved. the teacher was acting in an individual capacity, not in her official capacity. granted, her actions were completely wrong. the evidence does not support that the school had promulgated a policy of limiting the students' free-speech, so the school is absolutely not l
making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. ♪ >> to tell me to get out of the class. i said, no poor because in the hallway. that's like wearing a kk shirt because she knows nothing about a. tom: she claims her teacher martyr. now our family is suing. the lawsuit is claiming the philadelphia school district ignored that ight to free speech and let other...
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Dec 27, 2012
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you have to report it to the federal government because it is potentially dangerous to the environment. that is nothing like a danger to oil trading that the fiscal cliff is now causing. take a look at prices. you said today, we've got back a little bit and pulled back a little bit after run-up yesterday. this is not a story about price. this is a story about volume, lack of volume. take a look at the volume of oil trading on the most traded contract, wti, that's west texas intermediate at the cme group, if february of 2011 the volume was 934,000 contracts a day. almost a million contracts a day. by november of this year, a month ago, got half of that. yesterday the volume was 175,000. oil money is on the sidelines. our producer just gave me the latest volume today. trading is going to continue only for another 15 minutes or so. 273,000 contracts traded just today. that is half of the typical volume. people are so scared about the fiscal cliff, this money, david, now is sitting on the sidelines and doing nothing for investors. that is what the fiscal cliff has wrought in the oil market
you have to report it to the federal government because it is potentially dangerous to the environment. that is nothing like a danger to oil trading that the fiscal cliff is now causing. take a look at prices. you said today, we've got back a little bit and pulled back a little bit after run-up yesterday. this is not a story about price. this is a story about volume, lack of volume. take a look at the volume of oil trading on the most traded contract, wti, that's west texas intermediate at the...
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Dec 28, 2012
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in the long run that is what i'm worried about, how big is government? how much of our economy's resources will be diverted and consumed by government? because i don't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it is 2.6. that doesn't sound like much but because of compounding it adds up. adam: dan, i don't think there is any danger we become greece or france in a lot of ways. we're not a socialist country yet and greece is a whole different ball of wax. rich, the discussion about the economy, the spending cuts that they're talking about do put people out of work and that would have a negative effect on the economy, would it not? >> it would, adam. real quick, a bit of news here. president obama will deliver a statement at 4:45, something i imagine we'll cover live here on
in the long run that is what i'm worried about, how big is government? how much of our economy's resources will be diverted and consumed by government? because i don't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it...
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Dec 28, 2012
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government. david: we already have. are you kidding, larry? we already have. >> i doubt it because, really, if the credit were destroyed, the cost of finance at the margin would be going up, and the cost of finance at the margin for the federal government is going down. >> larry, consumers are pulling back, a consumer that's pulling back, not spending as much, that is not going out and driving and consuming oil, the confidence seems eroded before a decision is made in dc. we don't even need a decision. david: larry, i know what you say about interest rates, overriding factor thinking about investment and how much cash, but, again, right for now, our credit rating is the best in the worlding but it's a lousy world of credit. that's the problem is that with all this money printing going on around the world, i'm wondering when that comes back to bite us. >> well, that's why you don't want to be in bonds and be in stocks because stocks -- david: good point. >> when stocks accelerate, good hedge against inflation. the consumer in the cave, i don't
government. david: we already have. are you kidding, larry? we already have. >> i doubt it because, really, if the credit were destroyed, the cost of finance at the margin would be going up, and the cost of finance at the margin for the federal government is going down. >> larry, consumers are pulling back, a consumer that's pulling back, not spending as much, that is not going out and driving and consuming oil, the confidence seems eroded before a decision is made in dc. we don't...
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Dec 28, 2012
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this on news that the government
this on news that the government
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Dec 25, 2012
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government government involved. the feds are no good at picking what technologies regular americans are going to glom on to. did the department of energy create amazon.com so people would save gas driving to the mall? no, they did not. did the post office invent skype so people could get in touch more inexpensively? no, they did not. breakthrough products invented by private companies. let's stick to cars since that's where we started. model t, 104 years ago the nation's first touring vehicle was first produced on an assembly line. henry ford said his car was for the great multitude and how 16.5 million model-ts were eventually sold. 16 1/2. how about the biggest selling american made vehicle ever, ford f-series, trucks. amazing 35 million of those were sold since the trucks were introduced way back in 1948 and it is ranked as the number one selling vehicle in the u.s. for 24 years. and now, you can trick them out just like a sedan with tv screens, high-tech sound systems, even back seats. but none of this, none of
government government involved. the feds are no good at picking what technologies regular americans are going to glom on to. did the department of energy create amazon.com so people would save gas driving to the mall? no, they did not. did the post office invent skype so people could get in touch more inexpensively? no, they did not. breakthrough products invented by private companies. let's stick to cars since that's where we started. model t, 104 years ago the nation's first touring vehicle...
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Dec 28, 2012
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did they make their money within the government, being corrupt within the government? is that now they got the money? >> this brings up the size of the problem. there are two different groups. there's a group that made their money in the government meaning they have a government position or party position and also a position running a large state-owned enterprises and there's the group that made their money outside the party and was brought in. the party decided to bring in all the rich people in the country and that has advantages but one of the disadvantages is there is no one to resent except the party. they have a power and the money. stuart: what is the end game? what will be the catalyst for real change? >> the party is going to be backed into a corner, this is not something they can run from. they have to decide not to have another anti-corruption slogan effort. something that matters and take on all these people who made this money and say you can't do this anymore or eventually popular unrest will get worse and worse. there has been a moderate increase in the
did they make their money within the government, being corrupt within the government? is that now they got the money? >> this brings up the size of the problem. there are two different groups. there's a group that made their money in the government meaning they have a government position or party position and also a position running a large state-owned enterprises and there's the group that made their money outside the party and was brought in. the party decided to bring in all the rich...
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Dec 22, 2012
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when they come back there will be a new government, and e secretary of state. to me, again, the question is the middle east was at peace. we are now facing the middle east where from the atlantic ocean poteetially of with pakistan is a region in chaos, economic crisis, anti-american government, and fell rise of. [talking over each other] death. lou: i have to leave it there. thank you for being with us. great to have you with this. much more on that nomination and an unsettled, to put it mildly, middle east with the "a-team." ♪ that has been one week since the elementary school massacre in connecticut. the national rifle association talks to just a start today with proposals to make schools safer. james rose in with a live report . the fiscal cliff fallback plan fails. mr. president of europe. 's your turn to lead. >> the president and congress take acon, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in ten days. how we get their god only knows. lou: chief economist joining us with perspectives o what is next
when they come back there will be a new government, and e secretary of state. to me, again, the question is the middle east was at peace. we are now facing the middle east where from the atlantic ocean poteetially of with pakistan is a region in chaos, economic crisis, anti-american government, and fell rise of. [talking over each other] death. lou: i have to leave it there. thank you for being with us. great to have you with this. much more on that nomination and an unsettled, to put it...
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Dec 26, 2012
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dennis: more to the next big government bailout than meets the eye. liz macdonald tells us the white house is backing a plan to help out underwater mortgages and not just for government underwritten loans. shibani: let's take a look if you own these stocks on the nasdaq you are making money today. research in motion, netflix, a lot. dennis: the christmas movie box office cannot non-violent are rated westerns by quentin tarantino against a broadway musical based on a nineteenth century novel, was miserables and the musical won. universal's less miserables broken 18.one million dollar guarantees, tarantino break-in $15 million, the highest level christmas opening for and are rated film. elsewhere taylor swift is breaking up with stream music services. turn newest album read finished fifth week at number one but she refused to make it available on internet streaming services that the attendees her songs. other music acts may take notice. a great story in the wall street journal. an office building, number one times square, the bad news, it is mostly vaca
dennis: more to the next big government bailout than meets the eye. liz macdonald tells us the white house is backing a plan to help out underwater mortgages and not just for government underwritten loans. shibani: let's take a look if you own these stocks on the nasdaq you are making money today. research in motion, netflix, a lot. dennis: the christmas movie box office cannot non-violent are rated westerns by quentin tarantino against a broadway musical based on a nineteenth century novel,...
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Dec 24, 2012
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making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. lou: i want to turn to the fiscal cliff with our panel but first, very quickly, touch on the nra which proposed armed guards, armed policemen, at public schools to provide safety. i thought it was a straightforward, common sense idea. don't you agree with it? >> i do not, lou. i do not. did not help people at columbine. people serving as guards at school not qualified to carry weapons. the expense of it. we have 100,000 schools, say, add up $50,000 per guard. we'll get a billion dollar price tag. when we're cutting back on everything, i don't think this will protect our children. >> i think nra should have said, we should allow one person at the school to have a concealed carry permit, if they choose and if they choose to carry a gun, allow them to do that. right now the gun-free zones a ludicrous. lou, every mass murder in the united states since 1950, with o
making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. lou: i want to turn to the fiscal cliff with our panel but first, very quickly, touch on the nra which proposed armed guards, armed policemen, at public schools to provide safety. i thought it was a straightforward, common sense idea. don't you agree with it? >> i do not, lou. i do not. did not help people at...
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Dec 27, 2012
12/12
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it's government. it's regulation. try to get a drilling permit. try and go through and drill shale now. you're seeing popular opinion push back on shale and tight oil which is the growth industry in the energy space right now. i mean there's a movie coming out next month about the evil of. adam: fracking right. >> evil energy executives who want to frack. adam: the prom is land is what it is called. >> you see push back. if we produce a lot more energy, absolutely. adam: a lot of us are intrigued by the ability of this country especially those of us who grew up in the '70s and '80s with oil being such a problem like the idea of the united states being energy independent. when you talk about that movie and fracking, certainly natural gas will play an important role in this country's future. it is making people wealthy and puttings people to work in parts of the country where they are allowing fracking. a recent governmental report that the environmental impact isn't known just yet. should we be rushing head long into this or slow down a bit? it wil
it's government. it's regulation. try to get a drilling permit. try and go through and drill shale now. you're seeing popular opinion push back on shale and tight oil which is the growth industry in the energy space right now. i mean there's a movie coming out next month about the evil of. adam: fracking right. >> evil energy executives who want to frack. adam: the prom is land is what it is called. >> you see push back. if we produce a lot more energy, absolutely. adam: a lot of us...
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Dec 27, 2012
12/12
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what is interesting this the third crisis we've had in our government over the past three years. we push, push it, push it to the brink and come up with something. i'm not sure we'll come up with something now. there is let more flexing. congress meeting on monday is a help thulful thing. if they come up it will be minor framework of what we see next year. we'll see where it goes from there. ashley: very good point. mike, from the nymex, what about oil today. what have we seen in the action of the oil trade? >> it is more or less follow the leader after we came out with that little stock market rally there i'm looking at the board here we're pushing highs at 91.25. it is more like a vooleyball game. who's serve is it not? it is going back and forth in washington on what kind of plan we'll come up with. i wouldn't be, the volume's been low. i don't think we'll miss a huge move. i've been saying buy 85, sell 90. probably drift a little higher until the end of the year and see what happens going into the new year. ashley: so much uncertainty. thank you so much, gentlemen. we have be
what is interesting this the third crisis we've had in our government over the past three years. we push, push it, push it to the brink and come up with something. i'm not sure we'll come up with something now. there is let more flexing. congress meeting on monday is a help thulful thing. if they come up it will be minor framework of what we see next year. we'll see where it goes from there. ashley: very good point. mike, from the nymex, what about oil today. what have we seen in the action of...
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Dec 27, 2012
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we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you both. next up, we have good news on the housing front. the latest word from the commerce department has new-home sales at at the highest level we have seen in more than two years. new single-family home sales increased by 4.4% last month from october. it showed home prices up nearly 7% for this year. the winter blast that wrecked lives in the south and kept most of the nation at home and caused the death of about six people over christmas makes one last stop in the northeast. first, let's take a look at the treasury markets. we do not see a lot of a
we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you...
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Dec 28, 2012
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in could acts and other, government properties and government records so people can follow. >> yes, two house committees controlled by the republicans are now investigating the richard windsor issue. i hope they will ask that question. how widespread is this illegal practice? who else has been doing it? let's see those records. there needs to be a wide spread investigation here. and i hope that the republican controlled house of representatives will do a good job of it. tom: i don't even know how do you, that they are not looking around at outside e-mails this is almost a paula brad broadwell, getting someone else involved. finding out where are the e-mails. >> i think it is clear the obama administration, and remember president obama promised his would be the most transparent transparent administration is mystery, we will need cabinet secretaries and other high obama appointees before a commity and swear them, take their testimony under oath where they have used the secret e-mail acouncil account to evad. tom: talking about fact maybe now that president will include west virginia in th
in could acts and other, government properties and government records so people can follow. >> yes, two house committees controlled by the republicans are now investigating the richard windsor issue. i hope they will ask that question. how widespread is this illegal practice? who else has been doing it? let's see those records. there needs to be a wide spread investigation here. and i hope that the republican controlled house of representatives will do a good job of it. tom: i don't even...
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Dec 26, 2012
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put it on the government's books. this is part of a never balancing the budget act in washington, d.c. freddie and fan any are run by one giant housing program, when their overseers, federal housing finance agency suing banks to put more loans back on their books away from fannie and freddie. this could reverse the trend. lori: like a kitchen sink proposal? >> could be. that is great question. we have 3.7 million homes in so-called shadow inventory, mortgages heading to foreclosure. this on the heels of the administration's failed attempt to get loan modifications meaning principle write-downs right? let's do more refinancing of negative equity underwater mortgages that are basically subprime. a lot of them are subprime. lori: agree, get government out but not until we get the problem pushed aside with underwater mortgages still plaguing economy. >> nearly four million homes, wow, that is lot. could they end up in fannie and freddie, remains to be seen. congress still has to weigh in. they may not go for it. tracy: le
put it on the government's books. this is part of a never balancing the budget act in washington, d.c. freddie and fan any are run by one giant housing program, when their overseers, federal housing finance agency suing banks to put more loans back on their books away from fannie and freddie. this could reverse the trend. lori: like a kitchen sink proposal? >> could be. that is great question. we have 3.7 million homes in so-called shadow inventory, mortgages heading to foreclosure. this...
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Dec 22, 2012
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i think we allould agree we needless government. the government is totally inefficient. if it were a business it would be bankrupt. listen certainly businesses alone want to see smaller government. i hate to spike the party eggnog that the president referenced but i'll tell you what, this isn't a tax issue. if you raise taxes on the 250 and above, that will run the government for what, 25, 30 days. the problem is entitlement spending. he doesn't bring it up. he doesn't want to talk about it. there is no way this will pass the house anyway. melissa: scott, i mean, so what does that meanyou? raise taxes. we're still going to mo on in america. we're still going to get out there and try to make money. we're still going to do our thing. we'll still try to make a better future for our kids in spite of what is going on, even if we don't belve in bigger government. what do you do first? first thing r the new year looking out into the horon the way things stand? >> probably havextra drink. melissa, you're right. things don't stop on january 2nd. you make a really good poin factor
i think we allould agree we needless government. the government is totally inefficient. if it were a business it would be bankrupt. listen certainly businesses alone want to see smaller government. i hate to spike the party eggnog that the president referenced but i'll tell you what, this isn't a tax issue. if you raise taxes on the 250 and above, that will run the government for what, 25, 30 days. the problem is entitlement spending. he doesn't bring it up. he doesn't want to talk about it....